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Please Refer to the Vertical Analysis of a Section of a Balance

question 24

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Please refer to the vertical analysis of a section of a balance sheet,shown below:  (Dollar amounts in millions)  20172016 Amount % of total  Amount % of total  Assets  Current assets:  Cash $100003.7%$72002.9% Accounts receivable, net 156005.7%168006.7% Inventory 3800013.9%3100012.4% Total current assets 6360023.2%5500022.0% Property, plant and equipment, net 19500071.3%16800067.2% Other non-current assets 150005.5%2710010.8% Total assets $273600100.0%$250100100.0%\begin{array}{|c|c|c|c|c|}\hline \text { (Dollar amounts in millions) } & 2017 & & 2016 & \\\hline & \text { Amount } & \% \text { of total } & \text { Amount } & \% \text { of total } \\\hline \text { Assets } & & & & \\\hline \text { Current assets: } & & & & \\\hline \text { Cash } & \$ 10000 & 3.7 \% & \$ 7200 & 2.9 \% \\\hline \text { Accounts receivable, net } & 15600 & 5.7 \% & 16800 & 6.7 \% \\\hline \text { Inventory } & 38000 & 13.9 \% & 31000 & 12.4 \% \\\hline \text { Total current assets } & 63600 & 23.2 \% & 55000 & 22.0 \% \\\hline \text { Property, plant and equipment, net } & 195000 & 71.3 \% & 168000 & 67.2 \% \\\hline \text { Other non-current assets } & 15000 & 5.5 \% & 27100 & 10.8 \% \\\hline \text { Total assets } & \$ 273600 & 100.0 \% & \$ 250100 & 100.0 \% \\\hline\end{array} Which of the following statements accurately describes the data shown for total current assets?

Identify the significance of brand image, brand marks, and brand messaging in branding strategy.
Comprehend the importance of brand recall and brand recognition.
Explain the role of packaging and advertising in promoting brand identity.
Analyze the benefits and risks associated with co-branding and brand extensions.

Definitions:

Necessary

Required to be done, achieved, or present; needed; essential.

Sufficient Features

Characteristics or aspects of something that are enough to define, categorize, or identify it distinctly.

ACT Models

Refers to a family of cognitive models, including the Adaptive Control of Thought, which aim to explain how humans think, learn, and solve problems.

Procedural Knowledge

Knowledge of how to perform certain tasks, often expressed as skills and abilities, as opposed to knowing that something is the case (declarative knowledge).

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